And circumstances continue to move and in undesirable direction. I want to tell you it is because the japanese side denied the existence of such an agreement or understanding, which was reached 40 years ago, and certainly this is an acceptable , ashe chinese side, because i said before, this is a historical fact. In spite of this, we are still ready to sit down and have dialogues with the japanese side to find jointly away to control, manage the current situation. But the japanese said to us there is no such dispute the between china and japan, and that has made it impossible for dialogues to happen. China and japan are perpetual neighbors. The two countries have very close business ties. Sit downill ready to and have dialogue with the japanese side, but first the japanese side needs to recognize there is such a dispute. Of the whole world knows there is a dispute here. I believe there will be a day when the japanese come back to this table and dialogue. So, how things will go next is
Why we have not anticipated the relatively slow growth. Its important to recognize that what Monetary Policy affects is not the potential rate of growth, long run. Rather, the cyclical part, the deviation of output and employment from its normal level. In predicting the amount of slack in the economy, so to speak, we have done a little better. Our predictions of unemployment, for example, have been better than our predictions of growth and, in particular, one thing has been quite striking is that unemployment we were too pessimistic on unemployment for this year. Unemployment has fallen faster than we anticipated. In that respect, we were too pessimistic rather than optimistic. We will continue to do the best we can. We are looking again to see confirmation of our broader scenario which basically is that we will continue to see progress in the labor market and growth will be sufficient to support that progress and inflation will move back toward target and thats what weve what will det
Were closing their doors five years ago, plants like this were closing their doors. Manufacturing,f the Auto Industry was flatlining. Its own standing on feet and made smart decisions, andalan will tell you if gm chrysler had gone down, suppliers would go down, dealers would have gone down. All of that wouldve had a propellant had a profound impact on ford. I refuse to let that happen. We work with labor and management. Everybody put some skin in the game. We bet on the american worker. Today that that has paid off because the american Auto Industry has come roaring back. [applause] the big three are all profitable hiring new workers, not just building more cars. You are building better cars and trucks. Look at what is going on at the plant. F1 50 is built tougher and more fuel efficient than ever. [applause] you have trouble making them fast enough. You had to bring on a third shift of 900 workers to keep up with demand. [applause] invested 1. 1 billion in this plant, pretty new worke
Between the house and Senate Democrats and republicans. We begin today with a preview of what to expect. So here in washington, Jeannie Mccarthy speaking at the National Press club and the president on the road traveling o missouri where he will visit the Ford Motor Company to talk about the economy and Motor Vehicle industry. Our lines for republicans and democrats. Nd if youre an independent. Join us on twitter and facebook. You can also send us an email journal cspan. Org. Ts begin with a look at utside the papers. Delay claims vindication. He was in washington meeting with House Republicans. Headlines from the Detroit Free Press as the president travels to a ford plant in the midwest, this headline, the white house plans a summit. Coming here to meet with Community Leaders on the economy and jobs and the Auto Industry specifically. Front page of the chicago tribune. In an interview with a jesuit magazine. And this, the pope says i am no rightwinger. Finally, as the cleanup efforts
What steps will the epa take to ensure that electric consumers will not be harmed . Please explain regional flexibility sent some areas will feel more impact than others. That is a good question and let me make a note for myself so i dont forget. In this rulemaking, we have to keep in mind that this is about future power plants, new power plants so, really, we needed to understand what technologies were available and we needed to make sure that we wrote a rule that took advantage of the most costeffective technologies given the fact that any investment as large as a power plant will be hanging around for a while. We are going to be lagging with that plant and those Technology Choices for decades to come. We dont think that is a regional issue. We think that is just about how you build a new power plant and how you use the most effective technologies. However, when you look at flexibility, when you look at two of the changes that you saw in the role that is different than the original p